Marissa Fajt

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

MetroCorp Bancshares Inc. in Houston announced a revision to its fourth-quarter results, widening its loss largely as a result of additional loan-loss provisioning.

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

With so many banks ailing, use of the Texas ratio, a quick way of assessing capital adequacy, has returned to the forefront of bank analysis.

City National Corp. in Los Angeles announced Thursday that it has completed repaying the Treasury Department's $400 million investment made under the Troubled Asset Relief Program.

One Main Street LLC, an investment fund in New York City, has announced an agreement to buy the tiny Liberty Bank Inc. in Salt Lake City with a plan to expand it into a regional bank.

Iberiabank in Lafayette, La., is reloading with heavier artillery. The $9.7 billion-asset company announced plans Tuesday to raise another $300 million, plus a 15% option for underwriters.

California United Bank in Encino on Monday announced a 63% decline in profits for 2009 compared with 2008.

BancorpSouth Inc. in Tupelo, Miss., surprised investors late last week by announcing it would delay filing its annual report because auditors found asset-quality issues that will likely require an earnings restatement.

Macatawa Bank Corp. in Holland, Mich., said its banking subsidiary has entered into a formal agreement with regulators that requires higher-than-typical capital ratios and orders the bank to clean up its asset portfolio.

Sterling Bancshares Inc. in Houston has hit speed bumps including a terminated branch deal, an earnings restatement and a sharp rise in nonperforming assets.

Cascade Bancorp's largest shareholder, in affiliation with a PE firm, agreed to invest $65 million into the struggling bank — but only if it found capital elsewhere first.

The parent company of American Federal Savings Bank in Helena, Mont., has gotten regulatory approval to complete the second step of its conversion to a stock company.

Flush with capital and newly liberated from the Treasury's Tarp restrictions, Umpqua Holdings Corp. is embarking on a consolidation quest in the Pacific Northwest.

Weeks after raising $303.6 million, Umpqua Holdings Corp. in Portland, Ore., announced late Wednesday that it had repurchased securities issued to the Treasury Department under the Troubled Asset Relief Program.

Though other banks have worked out deals with the Federal Deposit Insurance Corp. that improved their capital positions through payments to take over a failed bank, few private deals have had such a dramatic effect on a company's capital as Everbank's purchase of Tygris, industry watchers said.

Cornerstone Bank in York, Neb., has agreed to buy Harvard State Bank, also in Nebraska, for an undisclosed sum.

For the New York bank, 2009 — its first year — was one for the record books. While many other community banks were tempering growth or even shrinking, the $433 million-asset start-up grew faster in its first year than had almost any other U.S. bank established over the past decade.

Is Herald National Bank flying too close to the sun? For the New York bank, 2009 — its first year — was one for the record books. While many other community banks were tempering growth or even shrinking, the $433 million-asset start-up grew faster in its first year than had almost any other U.S. bank established over the past decade.

BCB Bancorp Inc. in Bayonne, N.J., said Tuesday that its fourth-quarter earnings fell 80% from a year earlier, to $434,000.